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NGL Energy Partners

DB:2NG
Snowflake Description

Fair value unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2NG
DB
$307M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

NGL Energy Partners LP engages in the crude oil logistics, water solutions, liquids, and refined products and renewables businesses. The last earnings update was 53 days ago. More info.


Add to Portfolio Compare Print
  • NGL Energy Partners is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • NGL Energy Partners has significant price volatility in the past 3 months.
2NG Share Price and Events
7 Day Returns
-14.4%
DB:2NG
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-81.9%
DB:2NG
21.9%
DE Oil and Gas
-17.7%
DE Market
2NG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
NGL Energy Partners (2NG) -14.4% -69.1% -77.8% -81.9% -89.4% -90.9%
DE Oil and Gas 18.1% -15.9% -28.7% 21.9% -25.6% 137.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • 2NG underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • 2NG underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
2NG
Industry
5yr Volatility vs Market

Value

 Is NGL Energy Partners undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of NGL Energy Partners to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for NGL Energy Partners.

DB:2NG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in USD $ 1.198429047619
Payout Ratio Company Filings (2019-12-31) -12812.4%
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:2NG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.808 (1 + (1- 21%) (1060.44%))
5.407
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:2NG using Dividend Discount Model Model

The calculations below outline how an intrinsic value for NGL Energy Partners is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:2NG Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $1.2 / (10.49% - -0.39%)
$5.14
DB:2NG Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:2NG represents 0.94038x of NYSE:NGL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.94038x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 5.81 x 0.94038
€5.46
Value per share (EUR) From above. €5.46
Current discount Discount to share price of €2.25
= -1 x (€2.25 - €5.46) / €5.46
58.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price NGL Energy Partners is available for.
Intrinsic value
>50%
Share price is €2.25 vs Future cash flow value of €5.46
Current Discount Checks
For NGL Energy Partners to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • NGL Energy Partners's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • NGL Energy Partners's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for NGL Energy Partners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are NGL Energy Partners's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2NG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-0.55
NYSE:NGL Share Price ** NYSE (2020-03-30) in USD $2.39
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of NGL Energy Partners.

DB:2NG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:NGL Share Price ÷ EPS (both in USD)

= 2.39 ÷ -0.55

-4.37x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NGL Energy Partners is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • NGL Energy Partners is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does NGL Energy Partners's expected growth come at a high price?
Raw Data
DB:2NG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.37x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
130.4%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for NGL Energy Partners, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on NGL Energy Partners's assets?
Raw Data
DB:2NG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $13.10
NYSE:NGL Share Price * NYSE (2020-03-30) in USD $2.39
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:2NG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:NGL Share Price ÷ Book Value per Share (both in USD)

= 2.39 ÷ 13.10

0.18x

* Primary Listing of NGL Energy Partners.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NGL Energy Partners is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess NGL Energy Partners's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. NGL Energy Partners has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is NGL Energy Partners expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
130.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is NGL Energy Partners expected to grow at an attractive rate?
  • Unable to compare NGL Energy Partners's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare NGL Energy Partners's earnings growth to the Germany market average as it is expected to be loss making during the next 1-3 years.
  • NGL Energy Partners's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:2NG Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:2NG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 130.4%
DB:2NG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts -31.6%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:2NG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:2NG Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 9,170 354 -5 3
2021-03-31 8,191 358 -12 6
2020-03-31 15,080 434 -213 6
2020-03-30
DB:2NG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 23,354 555 -69
2019-09-30 23,423 421 -30
2019-06-30 24,924 448 -9
2019-03-31 24,017 337 -155
2018-12-31 11,512 249 -265
2018-09-30 13,571 38 -317
2018-06-30 17,436 96 -498
2018-03-31 16,907 138 -288
2017-12-31 15,809 96 -216
2017-09-30 14,862 42 -239
2017-06-30 14,031 47 -134
2017-03-31 12,707 -25 58

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • NGL Energy Partners is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • NGL Energy Partners's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:2NG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from NGL Energy Partners Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2NG Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 -0.01 0.70 -0.49 3.00
2021-03-31 -0.08 0.39 -0.44 5.00
2020-03-31 -1.68 0.65 -2.55 5.00
2020-03-30
DB:2NG Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -0.55
2019-09-30 -0.24
2019-06-30 -0.07
2019-03-31 -1.26
2018-12-31 -2.17
2018-09-30 -2.61
2018-06-30 -4.11
2018-03-31 -2.38
2017-12-31 -1.81
2017-09-30 -2.06
2017-06-30 -1.20
2017-03-31 0.53

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if NGL Energy Partners will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess NGL Energy Partners's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
NGL Energy Partners has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has NGL Energy Partners performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare NGL Energy Partners's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • NGL Energy Partners does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare NGL Energy Partners's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare NGL Energy Partners's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
NGL Energy Partners's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from NGL Energy Partners Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2NG Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 23,353.66 -69.08 396.18
2019-09-30 23,422.50 -30.34 363.60
2019-06-30 24,924.26 -8.84 348.38
2019-03-31 24,016.91 -155.40 343.72
2018-12-31 11,512.14 -264.98 335.44
2018-09-30 13,570.55 -317.41 329.45
2018-06-30 17,435.66 -498.00 304.65
2018-03-31 16,907.30 -287.71 299.20
2017-12-31 15,809.24 -216.13 327.71
2017-09-30 14,862.10 -239.30 345.44
2017-06-30 14,030.96 -134.36 377.67
2017-03-31 12,707.20 57.60 294.81
2016-12-31 11,499.59 -113.80 431.39
2016-09-30 10,777.95 -77.93 463.88
2016-06-30 10,925.61 -28.49 489.63
2016-03-31 11,742.11 -246.55 540.66
2015-12-31 12,637.44 51.35 553.86
2015-09-30 14,504.58 0.73 561.99
2015-06-30 16,691.91 -7.78 571.42
2015-03-31 16,802.06 -8.39 498.66
2014-12-31 17,557.22 -65.76 477.39
2014-09-30 15,748.52 -23.42 429.75
2014-06-30 11,961.93 7.49 363.47
2014-03-31 9,699.27 33.51 332.66
2013-12-31 7,340.95 18.08 295.56
2013-09-30 5,935.72 37.68 272.01
2013-06-30 5,477.29 50.45 251.80
2013-03-31 4,417.77 45.02 222.31

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • NGL Energy Partners has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • NGL Energy Partners used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • It is difficult to establish if NGL Energy Partners improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess NGL Energy Partners's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
NGL Energy Partners has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is NGL Energy Partners's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up NGL Energy Partners's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • NGL Energy Partners's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • NGL Energy Partners's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of NGL Energy Partners's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from NGL Energy Partners Company Filings, last reported 2 months ago.

DB:2NG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,585.69 3,073.04 12.01
2019-09-30 2,395.66 2,773.88 21.15
2019-06-30 2,150.27 2,587.60 27.50
2019-03-31 2,427.63 2,160.78 18.57
2018-12-31 2,438.38 2,217.57 23.03
2018-09-30 2,381.78 2,532.10 36.37
2018-06-30 2,062.99 3,033.03 13.68
2018-03-31 2,168.67 2,680.39 22.09
2017-12-31 2,061.46 2,925.23 28.47
2017-09-30 2,050.43 3,035.83 18.41
2017-06-30 2,291.18 2,877.12 19.55
2017-03-31 2,233.76 2,993.07 12.26
2016-12-31 2,008.45 3,250.01 28.93
2016-09-30 2,014.06 3,071.05 23.43
2016-06-30 2,067.25 2,874.81 10.88
2016-03-31 1,694.07 2,920.74 28.18
2015-12-31 2,430.84 3,331.09 25.18
2015-09-30 2,486.29 3,097.73 30.05
2015-06-30 2,568.80 2,972.00 43.51
2015-03-31 2,693.43 2,731.94 41.30
2014-12-31 2,239.60 2,757.78 30.56
2014-09-30 2,314.83 2,442.41 11.82
2014-06-30 1,781.29 1,448.04 39.68
2014-03-31 1,531.85 1,636.91 10.44
2013-12-31 1,537.59 1,525.32 8.90
2013-09-30 1,317.10 914.30 5.53
2013-06-30 845.73 790.54 4.60
2013-03-31 889.42 749.06 11.56
  • NGL Energy Partners's level of debt (118.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (122.8% vs 118.8% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • NGL Energy Partners has less than a year of cash runway based on current free cash flow.
  • NGL Energy Partners has less than a year of cash runway if free cash flow continues to reduce at historical rates of -5.6% each year.
X
Financial health checks
We assess NGL Energy Partners's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. NGL Energy Partners has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is NGL Energy Partners's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
65.27%
Current annual income from NGL Energy Partners dividends. Estimated to be 50.14% next year.
If you bought €2,000 of NGL Energy Partners shares you are expected to receive €1,305 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • NGL Energy Partners's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • NGL Energy Partners's dividend is above the markets top 25% of dividend payers in Germany (4.97%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:2NG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:2NG Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 1.56 1.00
2023-03-31 1.56 1.00
2022-03-31 1.04 5.00
2021-03-31 0.92 7.00
2020-03-31 1.49 7.00
2020-03-30
DB:2NG Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-01-24 1.560 31.506
2019-11-08 1.560 14.436
2019-07-23 1.560 12.053
2019-04-24 1.560 10.706
2019-01-23 1.560 11.924
2018-10-23 1.560 15.591
2018-07-24 1.560 13.105
2018-04-24 1.560 13.115
2018-01-24 1.560 12.573
2017-10-19 1.560 11.899
2017-07-20 1.560 14.763
2017-04-24 1.560 11.136
2016-04-22 1.560 8.303
2016-01-21 2.560 30.536
2015-10-22 2.560 20.146
2015-07-23 2.530 10.855
2015-04-24 2.500 8.402
2015-01-26 2.470 8.786
2014-10-24 2.435 8.043
2014-07-24 2.355 5.868
2014-04-24 2.205 5.347
2014-01-24 2.125 5.758
2013-10-23 2.045 6.268
2013-07-26 1.975 6.460
2013-04-25 1.910 6.520
2013-01-24 1.850 7.242
2012-10-17 1.800 7.737
2012-07-24 1.650 6.544
2012-04-19 1.450 6.493
2012-01-24 1.400 6.510
2011-10-21 1.350 6.339
2011-07-25 1.350 6.509

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NGL Energy Partners has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but NGL Energy Partners only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of NGL Energy Partners's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess NGL Energy Partners's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can NGL Energy Partners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. NGL Energy Partners has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of NGL Energy Partners's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mike Krimbill
COMPENSATION $3,556,829
AGE 65
TENURE AS CEO 9.4 years
CEO Bio

Mr. H. Michael Krimbill, also known as Mike, serves as the Chief Executive Officer of NGL Energy Holdings LLC, the Partner of NGL Energy Partners LP and High Sierra Energy GP, LLC since October 2010. He serves as president of Mr. Krimbill also serves as the President at High Sierra Water-Eagle Ford, LLC. Mr. Krimbill served as its Chief Financial Officer from August 31, 2012 to May 2013. He managed private investments from February 2007 to September 2010. He served as the President and Chief Financial Officer of FHM Investments LLC, the General Partner of Heritage Propane since January 2004. Mr. Krimbill served as the President, Chief Financial Officer, Chief Executive Officer of Energy Transfer Partners LLC (formerly, U.S. Propane LLC.), a General Partner of Energy Transfer Partners L.P. (now, Heritage Propane Partners LP), Heritage Propane and Energy Transfer Equity L.P. from January 2004 to January 17, 2007 and served as its Principal Accounting Officer until January 2007. He served as President of Heritage from April 1999 to January 2004 and as President and Chief Executive Officer from March 2000 to January 2004. Mr. Krimbill served as President and Chief Executive Officer of Heritage Holdings Inc., the General Partner of Heritage Propane from April 1999 to January 2004 and as its Chief Financial Officer from 1990 to 1998. He served as Treasurer, Secretary and Principal Accounting Officer of Heritage Holdings Inc., General Partner of Heritage Propane. Before joining Heritage in 1990 as Vice President, Mr. Krimbill served as a Treasurer of Total Petroleum Inc. Mr. Krimbill has been an Independent Director of Seminole Energy Services L.L.C. since November 26, 2007. He has been a Director of NGL Energy Holdings LLC, the General Partner of NGL Energy Partners LP since September 2010. He served as a Director of Pacific Commerce Bank since February 2011. He serves as a Director of the National Propane Gas Association, (the “NPGA“). He served as a Director of FHM Investments, LLC since August 2000. He served as a non-management director of Williams Partners GP LLC, General Partner of Williams Partners L.P. from August 2007 to August 31, 2012. He served as a Director of Energy Transfer Partners LLC from August 2000 to January 17 2007. Mr. Krimbill received a Bachelor of Arts in Accounting from Michigan State University in 1976.

CEO Compensation
  • Mike's compensation has increased whilst company is loss making.
  • Mike's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the NGL Energy Partners management team in years:

4.1
Average Tenure
47
Average Age
  • The tenure for the NGL Energy Partners management team is about average.
Management Team

Mike Krimbill

TITLE
CEO, President & Director of NGL Energy Holdings LLC
COMPENSATION
$4M
AGE
65
TENURE
9.4 yrs

Trey Karlovich

TITLE
Executive VP
COMPENSATION
$1M
AGE
42
TENURE
4 yrs

Larry Thuillier

TITLE
Chief Accounting Officer of NGL Energy Holdings LLC
COMPENSATION
$469K
AGE
48
TENURE
4.2 yrs

Kurston McMurray

TITLE
Executive VP
COMPENSATION
$1M
AGE
47
TENURE
4 yrs

Jennifer Kingham

TITLE
Senior VP & Chief Information Officer
TENURE
4.2 yrs

Audra Hamilton

TITLE
Senior VP of Administration & Legal Counsel
TENURE
1.2 yrs

Linda Bridges

TITLE
Senior VP of Finance & Treasurer

Brian Cannon

TITLE
Senior Vice President of Marketing (Refined Products) - NGL Energy Holdings LLC
AGE
42

Jim Winter

TITLE
Senior Vice President of NGL Water Solutions - NGL Energy Holdings LLC

Don Robinson

TITLE
Executive Vice President of NGL Crude Logistics - NGL Energy Holdings LLC
Board of Directors Tenure

Average tenure and age of the NGL Energy Partners board of directors in years:

7.2
Average Tenure
60
Average Age
  • The tenure for the NGL Energy Partners board of directors is about average.
Board of Directors

Mike Krimbill

TITLE
CEO, President & Director of NGL Energy Holdings LLC
COMPENSATION
$4M
AGE
65
TENURE
9.5 yrs

Stephen Cropper

TITLE
Director of NGL Energy Holdings LLC
COMPENSATION
$131K
AGE
69
TENURE
8.8 yrs

Shawn Coady

TITLE
Director of NGL Energy Holdings LLC
COMPENSATION
$40K
AGE
57
TENURE
9.5 yrs

Bryan Guderian

TITLE
Director of NGL Energy Holdings LLC
COMPENSATION
$121K
AGE
60
TENURE
7.8 yrs

John Raymond

TITLE
Director of NGL Energy Holdings LLC
AGE
48
TENURE
6.6 yrs

Jim Collingsworth

TITLE
Director of NGL Energy Holdings LLC
COMPENSATION
$121K
AGE
64
TENURE
5.2 yrs

Brian Boland

TITLE
Non-Independent Director of NGL Energy Holdings LLC
TENURE
0.7 yrs

Derek Reiners

TITLE
Independent Director of NGL Energy Holdings LLC
AGE
48
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by NGL Energy Partners individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
13. Mar 20 Buy James Collingsworth Individual 12. Mar 20 12. Mar 20 25,000 €2.71 €67,778
06. Mar 20 Buy H. Krimbill Individual 06. Mar 20 06. Mar 20 25,000 €5.65 €140,166
06. Mar 20 Buy James Collingsworth Individual 04. Mar 20 05. Mar 20 101,000 €6.72 €678,133
06. Mar 20 Buy Robert Karlovich Individual 06. Mar 20 06. Mar 20 10,000 €5.73 €57,269
04. Mar 20 Buy Kurston McMurray Individual 03. Mar 20 04. Mar 20 3,000 €7.12 €21,155
03. Mar 20 Buy H. Krimbill Individual 02. Mar 20 02. Mar 20 25,000 €7.15 €178,837
03. Mar 20 Buy John Ciolek Individual 02. Mar 20 02. Mar 20 12,000 €7.25 €86,988
27. Feb 20 Sell John Ciolek Individual 25. Feb 20 25. Feb 20 -2,000 €8.09 €-16,183
27. Feb 20 Buy John Ciolek Individual 25. Feb 20 26. Feb 20 12,000 €8.30 €99,311
26. Feb 20 Buy H. Krimbill Individual 24. Feb 20 24. Feb 20 10,000 €8.15 €81,489
26. Feb 20 Buy H. Krimbill Individual 25. Feb 20 25. Feb 20 40,000 €8.13 €325,213
13. Feb 20 Buy H. Krimbill Individual 11. Feb 20 11. Feb 20 100,000 €8.87 €886,449
13. Feb 20 Buy Derek Reiners Individual 11. Feb 20 11. Feb 20 10,000 €8.80 €87,967
21. Nov 19 Buy James Collingsworth Individual 20. Nov 19 20. Nov 19 50,000 €9.14 €456,847
19. Nov 19 Buy H. Krimbill Individual 18. Nov 19 18. Nov 19 100,000 €8.97 €893,685
19. Aug 19 Buy H. Krimbill Individual 16. Aug 19 16. Aug 19 60,000 €11.46 €687,726
20. Aug 19 Buy James Collingsworth Individual 19. Aug 19 19. Aug 19 6,250 €11.94 €74,644
13. Jun 19 Buy H. Krimbill Individual 11. Jun 19 12. Jun 19 25,000 €12.87 €320,837
05. Jun 19 Sell EMG Fund II Management, L.P. Company 04. Jun 19 04. Jun 19 -176,634 €13.24 €-2,338,411
X
Management checks
We assess NGL Energy Partners's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. NGL Energy Partners has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

NGL Energy Partners LP engages in the crude oil logistics, water solutions, liquids, and refined products and renewables businesses. The company’s Crude Oil Logistics segment purchases crude oil from producers and marketers, and transports it to refineries for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs; and provides storage, terminaling, trucking, marine, and pipeline transportation services. Its Water Solutions segment is involved in the treatment and disposal of wastewater generated from crude oil and natural gas production operations; disposal of solids, such as tank bottoms, drilling fluids, and drilling muds, as well as performs truck and frac tank washouts; and sale of recovered hydrocarbons. The company’s Liquids segment supplies natural gas liquids to retailers, wholesalers, refiners, and petrochemical plants in the United States and Canada through its 27 terminals, as well as offers terminaling and storage services. Its Refined Products and Renewables segment markets gasoline, diesel, ethanol, and biodiesel products; and purchase and delivers refined petroleum and renewable products. NGL Energy Holdings LLC serves as the general partner of the company. The company was founded in 1940 and is headquartered in Tulsa, Oklahoma.

Details
Name: NGL Energy Partners LP
2NG
Exchange: DB
Founded: 1940
$276,661,329
128,348,906
Website: http://www.nglenergypartners.com
Address: NGL Energy Partners LP
6120 South Yale Avenue,
Suite 805,
Tulsa,
Oklahoma, 74136,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE NGL Common Units New York Stock Exchange US USD 12. May 2011
DB 2NG Common Units Deutsche Boerse AG DE EUR 12. May 2011
NYSE NGL.PRB PFD UNIT CL B New York Stock Exchange US USD 07. Jun 2017
NYSE NGL.PRC 9.625 PFD UNIT C New York Stock Exchange US USD 27. Mar 2019
Number of employees
Current staff
Staff numbers
1,300
NGL Energy Partners employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 22:47
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/24
Last earnings filing: 2020/02/06
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.